Greenspan Urges More Worker Education
Boston, MA, Mar. 14--The United States needs to better educate its workers and avoid the trappings of protectionism to fully flourish in a global economy, Federal Reserve Chairman Alan Greenspan said Friday.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Closing of Florida Tile's Lakeland Plant End o
Lakeland, FL, Mar. 14--It won't be easy for Chris Sikes to drive by the old Florida Tile Industries site once the now-sold manufacturing plant is shut down.
SI Flooring to Raise Carpet Backing Prices in Reac
Calhoun, GA, Mar. 12--SI Flooring Systems is announcing a 10% price increase across its entire product line of carpet backing products as a result of escalating raw material prices and higher fixed costs.
Armstrong’s Bankruptcy Still on Hold
Lancaster, PA, Mar. 15--Armstrong World Industries' drive out of bankruptcy will continue to be stuck in neutral indefinitely, a company document indicates.
3M Increases 1st Quarter & 2004 Earnings Guidance
St. Paul, MN, Mar. 15--3M Co. boosted its earnings projections for the first quarter and full year, noting continued growth in its display and graphics business.
Dyeing For a Change
Des Moines, IA, Mar. 12--Todd Wilson can change the color of a carpet in less than a minute, according to the Ithaca New York Journal.
Foamex Sees 2004 Pension Expense Dropping
Linwood, PA, Mar. 12--Foamex International Inc. said it expects pension expense to decrease by $1.4 million to $1.8 million in 2004,primarily because of the growth in plan assets.
Retailers Stock Up on Martha's Gear
New York, NY, Mar. 12--Martha isn't going anywhere yet--in terms of merchandise, there's going to be more of her than ever.
Congoleum Reports Decreased Sales
Mercerville, NJ, Mar. 11--Congoleum Corporation reported its financial results for year ended December 31, 2003. Sales for the year were $220.7 million, a decrease of 7.0% compared to the $237.2 million reported in 2002.
Business Inventories Up
Washington, DC, Mar. 12--U.S. business inventories rose 0.1% in January, an increase that was smaller than expected, as sales rose.